2018 Crypto “ICO” projects and the environment — Survival of the Fittest.
Crypto ICO Projects — Survival of the Fittest
The first half of 2018 has been market by a bear run never experienced in crypto. Veterans of the trade are simply amazed by how big of a down slope we experienced and newbies that entered the market late in 2017 are simply chocked by how much and how fast money can be lost. As a consequence of more discouraging delays from the ETF (Exchange Trade Fund) we have not yet seen any signs of another bull run. A bull-run that seams to be necessary for many upcoming ICO projects to succeed.
What can happen to ICO projects?
Since the volume of investments has decreased and the number of crypto ICO projects increased these projects will need to be conned in order to attract investors. Premature ICOs where product or service development has not been completed might not see any interest from investors. They have become selective and want to be sure they are investing on a project that has clear competitive advantages. Out of 784 ICOS launched from January to July 2018 as according to Coinshedule only few of those will be able to raise the necessary funds to transform their platforms into robust enterprises that may achieve a hefty price increase in the future. The majority, not only the premature ones but also some healthy projects may fail given strong competition and low investment volume.
Can we see a turn around in this outcome?
We can certainly see this outcome turn around as the year progresses and the implementation of ideas, technologies and launching of products or services by these ICO’s projects reach the marketplace. Many of these projects are focusing on a concept that aims to become the tipping point towards mass adoption. We may witness new trends as technology evolves and crypto adoption at any level could result in a full remigration of the crypto market and the ICO project arena.
Author:
Michelle Mafra
MamãeCrypto
